I just looked up a delisted stock, DIVA. I checked on Google, it's worth $26.22. I can't buy it from my brokerage account. I'll have to find a private seller. I'll offer $25. I bet they'll take it. Instant profit for me because the seller doesn't realize Google says it's worth $26.22!
Fools! The truth is on my side!
So a nation gives Russia gold, Euros, Yuan, dollars, whatever gets roubles, and then buy wheat or gas/oil. Or do you believe buyers of Russian goods already have roubles? Do you believe when Russians BUY anything outside Russia sellers accept payment in roubles?
Please point me to that.
Until global markets open for Russia the value of the rouble is based specialized exchanges and internal government controlled use. Many Russian YouTubers have taken their audience shopping and shown that prices don't match what you'd think they'd be if the rouble was as strong as the government says it is.
Yes, Russia has been very good at managing its currency PR. That Russia is able to get buyers to acquire roubles doesn't mean they can get those buyers (now sellers) to accept roubles when Russia buys.
When Russia gets back into the global markets the currency will fall to the level that incourages people to buy Russian goods. How do you square the fact that Russia is selling oil at 30% discount while its currency remains strong?
Again, fools! You don't get it!
I dare you. Go exchange some dollars for roubles ;)
Only my best rants for you Scott!